Tds
This query is : Resolved
29 October 2013
if Mr. A, Chartered Account is appointed on "CONTRACT BASIS" in M/s XYZ (Chartered Accountant's Firm), paid Rs. 3,00,000 during the previous year 2012-13. Now under which section XYZ should deduct tax?? under 194J as professional fee or under 194C as contract??
29 October 2013
194J will be applicable on payment made to chartered accountant for his professional services
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29 October 2013
a chartered accountant is never considered under 194C.
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29 October 2013
Agree with GaneshBabu ji,
TDS is to be deducted U/S 194J @ 10 percent...
TDS is to be deducted U/S 194J @ 10 percent...
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30 October 2013
Anything paid to chartered will b considered as professional fees. And Tds deducted u/s 194J.
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